USD/CHF – 1H – SELL

The pair US Dollar/Swiss Franc (USD/CHF) goes from the bullish trendline downwards

A bearish movement down to the next support line at 0.79214 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.80924 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

Next a ‘Three Outside Down’ candle chart pattern is discovered. The chart forms ‘Three Outside Down’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.80924 – 0.80580 – 0.79864 – 0.79214 – 0.79003 – 0.78718 — 42.786846175319 – 41.903548165056 — 1.5599633991558 – 1.5599633991558 – 1.0399755994372 – 1.5599633991558

Trading Signals: FOREX – USD – USD/CHF – CHF – Three Outside Down – – –